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Tesla CEO Elon Musk is coming through on his pledge to raise $1.5 billion for ramping up production of the Model 3. He was able to raise $600 million in just a few hours meeting with bond buyers in Manhattan on Monday, according to investors briefed on the matter. It was part of a four-day […]

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Tesla is serious enough about needed cashflow for hitting Model 3 production targets to ask for its first-ever round of junk bonds. Tesla executives started roadshows today meeting with investment fund managers to raise about $1.5 billion in high-yield junk bonds, according to the IFR financial publication. Production will be ramping up soon to make […]

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